UNDIVIDED Sample Clauses

The "Undivided" clause establishes that the interests or rights granted under an agreement are held collectively and not split among multiple parties. In practice, this means that all parties share the same undivided interest in the subject matter, such as property or intellectual property, rather than each party owning a specific portion or segment. This arrangement ensures that decisions and benefits related to the interest must be made jointly, preventing unilateral actions and reducing disputes over division. The core function of the clause is to maintain unity of ownership or rights, thereby simplifying management and avoiding complications that arise from divided or fractional interests.